Coherent Optical Equipment Market Size is expected to reach at USD 98.3 Billion by 2030, registering a CAGR of 9.2%, Owing to Rapid Digitization and Modernization across All Industries
Acumen Research and Consulting recently published report titled “Coherent Optical Equipment Market and Region Forecast, 2022 - 2030”
LOS ANGELES, Dec. 08, 2022 (GLOBE NEWSWIRE) -- The Global Coherent Optical Equipment Market Size accounted for USD 45.1 Billion in 2021 and is estimated to achieve a market size of USD 98.3 Billion by 2030 growing at a CAGR of 9.2% from 2022 to 2030.
Coherent Optical Equipment Market Statistics
Global coherent optical equipment market revenue was worth USD 45.1 billion in 2021, with a 9.2% CAGR from 2022 to 2030
North America region was accounted 36.7% of coherent optical equipment market share in 2021
Asia-Pacific coherent optical equipment market growth is expected to expand at a CAGR of 9.8% from 2022 to 2030
By technology, 100G segment capture over 39.2% of total market share in 2021
Increasing internet penetration, drives the coherent optical equipment market value
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Coherent Optical Equipment Market Coverage:
Coherent Optical Equipment Market
Coherent Optical Equipment Market Size 2021
USD 45.1 Billion
Coherent Optical Equipment Market Forecast 2030
USD 98.3 Billion
Coherent Optical Equipment Market CAGR During 2022 - 2030
Coherent Optical Equipment Market Analysis Period
2018 - 2030
Coherent Optical Equipment Market Base Year
Coherent Optical Equipment Market Forecast Data
2022 - 2030
By Technology, By Equipment, By Application, By End Use, And By Geography
Coherent Optical Equipment Market Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled
ADVA Optical Networking, Nokia, Cisco Systems, Ciena Corporation, Ericsson, ECI Telecom, Infinera, Fujitsu, NEC, Huawei Technologies, and ZTE Corporation.
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Coherent Optical Equipment Market Overview
Coherent optical equipment directs to all-optical network equipment that can transmit data at speeds of 100G or higher. The coherent optical equipment market growth is expected to develop due to a significant increase in bandwidth requirements to eliminate latency issues and offer seamless data transfer.
Coherent Optical Equipment Market Trends
Growing acceptance of innovative IT technologies in line with current client trends in various associations, as well as IT modernization, is required to aid the coherent optical devices market in the next years. Furthermore, rising internet penetration is expected to drive market growth throughout the estimated period. This is anticipated to shift the market in the expected time frame. Furthermore, the growing demand for speedy transmission data from the telecommunications industry is expected to drive market growth throughout the projection period. However, the high initial speculation is expected to stifle market growth globally.
Increasing demand for high data transfer capacity from broadband providers and telecommunication services operators is expected to boost the growth of the global coherent optical equipment market during the forecast period. The network operator industry is a clear customer of coherent optical technology. This segment had a significant market share in 2021 and is expected to maintain its leading position over the forecast period. Furthermore, the market in the industrial sectors is expected to increase rapidly during the next ten years.
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Coherent Optical Equipment Market Segmentation
The global coherent optical equipment market has been segmented by acumen research and consulting based on technology, end use, equipment, and application. By technology, the segment is separated into 100G, 200G, 400G+, and 400G ZR. According to the Coherent Optical Equipment market forecast, the 100G category is predicted to develop significantly in the next years. Moreover, the market is split into Service provider (telecom service provider and internet service provider), public sector, and industries (aviation, energy and railways), based on the end use.
In terms of equipment, the market is categorized into WDM (wavelength-division multiplexer), modules/chips, test and measurement equipment, optical amplifiers, optical switches, and others. The wavelength-division multiplexer (WDM) sector accounts for a comparatively high market share in 2021, followed by optical switches, and are expected to maintain its position over the estimated time frame. WDMs are used to increase the capacity of communication in a variety of applications, including enterprise communication, gateway, long-haul, backup, and metropolitan networks. The optical switches segment, on the other hand, is expected to increase at a rapid pace between 2022 and 2030. Furthermore, the test and estimate equipment sector is expected to gain market share during the projected timeframe due to the increasing need for high-capacity communications infrastructure from end users and various industrial verticals.
By application, the market is divided into networking, data center, and OEMs. The networking segment dominated revenue in 2021 due to its increased transfer frequency and transmission capacity, while the network infrastructure application segment is anticipated to experience significant growth during the anticipated time period. Furthermore, networking applications are classified as Fiber-to-the-Building/Premises (FTTB/P) optical systems & Fiber-to-the-Home (FTTH) optical systems. Because of the increased interest in rapid networks at constructions or facilities for connecting smart systems, the FTTB/FTTP optical device segment is expected to keep its lead over the predicted time frame. Due to the widespread adoption of cloud applications and the increasing reliance on the Internet by cell phones and other communications equipment, the utilization of coherent optical equipment in network infrastructure is expected to rise rapidly throughout the forecasted time frame.
Coherent Optical Equipment Market Regional Overview
Based on the region, the worldwide coherent optical equipment market segmentation is into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to a recent coherent optical equipment industry analysis, North America is expected to provide a large revenue share throughout the projected period, followed by the Asia-Pacific market, owing to the region's large base of existing clients. In terms of technological innovation knowledge and understanding among consumers, the market opportunities in Europe and North America are important markets in coherent optical technology. This is likely to lower the income shares of these regions' target markets. Furthermore, markets in Asia-Pacific, the Middle East, and Africa are expected to develop at a robust CAGR in the coming few years.
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Coherent Optical Equipment Market Players
Some of the prominent coherent optical equipment market companies are ECI Telecom, ADVA Optical Networking, Cisco Systems, NEC, Ericsson, Fujitsu, Huawei Technologies, Nokia, Ciena Corporation, Infinera, and ZTE Corporation.
Questions Answered By This Report
What was the market size of Coherent Optical Equipment Market in 2021?
What will be the CAGR of Coherent Optical Equipment Market during the forecast period from 2022 to 2030?
Who are the major players in Global Coherent Optical Equipment Market?
Which region held the largest share Coherent Optical Equipment Market in 2021?
What are the key market drivers Coherent Optical Equipment Market?
Who is the largest end user Coherent Optical Equipment Market?
What will be the Coherent Optical Equipment Market value in 2030?
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